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Vodafone sets price range for Vantage Towers IPO at 22.5 to 29 euros

Tue, 09th Mar 2021 06:29

BERLIN, March 9 (Reuters) - Vodafone Group, on
Tuesday set the price range for the planned floating of mobile
infrastructure company Vantage Towers at 22.50 to 29.00 euros
($26.68- 34.39) per share, implying a total market
capitalisation of up to 14.7 billion euros.

Vodafone said it expects the first day of trading on the
Frankfurt stock exchange to be on or around March 18 this year,
adding that infrastructure investor and operator Digital Colony
and Singapore-based global equity fund RRJ agreed to buy 950
million euros of shares at offer price.

($1 = 0.8432 euros)
(Reporting by Riham Alkousaa, editing by Thomas Escritt)

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